Signet Jewelers (NYSE:SIG) Shares Gap Down – Here’s What Happened

Signet Jewelers Limited (NYSE:SIG)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $90.05, but opened at $87.92. Signet Jewelers shares last traded at $84.4390, with a volume of 300,239 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SIG shares. Wells Fargo & Company cut their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price objective (up from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. Jefferies Financial Group increased their target price on Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers presently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Trading Down 6.5%

The company has a market cap of $3.43 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. The firm has a 50-day moving average price of $91.75 and a 200 day moving average price of $89.96.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.47. Signet Jewelers had a return on equity of 24.44% and a net margin of 2.13%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. Research analysts anticipate that Signet Jewelers Limited will post 8.73 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 23rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s payout ratio is 38.21%.

Hedge Funds Weigh In On Signet Jewelers

A number of large investors have recently bought and sold shares of SIG. Ameritas Advisory Services LLC bought a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $29,000. Salomon & Ludwin LLC acquired a new stake in Signet Jewelers in the third quarter worth $31,000. EverSource Wealth Advisors LLC lifted its stake in Signet Jewelers by 171.2% in the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock valued at $54,000 after buying an additional 428 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Signet Jewelers during the third quarter valued at $64,000. Finally, State of Wyoming acquired a new position in shares of Signet Jewelers during the second quarter valued at $69,000.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.